LeBron's Bookstores has two divisions: books and electronics. The electronics division had another great year in $2024$ with net sales of $$11$ million, cost of goods sold of $$6\mathrm{.}5$ million, operating expenses of $$3$ million, and income tax expense of $$375,000.$ The book division did not do as well and was sold during the year. The loss from operations and sale of the book division was $$900,000$ before taxes and $$675,000$ after taxes.

Required:

Prepare the multiple$-$step income statement for LeBron's Bookstores, including the proper reporting for the discontinued book division. $($Enter your answer in dollars, not millions. $($i$.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000).)$

$\backslash$table$[[$LEBRON$\text{'}$S BOOKSTORES,$],[$Income Statement,$],[$Net sales,$],[$Cost of goods sold,$],[,],[$Gross profit,$],[$Operating expenses,$],[$Income before tax,$],[$Income tax expense,$],[$Income from continuing operations,$],[$Discontinued operation:,$],[$Loss from disposal of book division, net of tax,$],[$Net income,$]]$